‘Greedflation’ – Major companies report record profits
‘Greedflation’ – Major companies report record profits The latest inflation figures globally hit record highs once again. This is being driven by high food and energy costs. Could corporate greed be one of the reasons for higher prices? The ability to raise prices above their rising costs has even given rise to the term […]
Soaring Inflation, weak currencies slow growth in Africa
Soaring Inflation, weak currencies slow growth in Africa Rising inflation has become a shared trend globally. To combat this, many governments and central banks are being forced to raise interest rates which unfortunately will slow economic growth. Nowhere is the threat of soaring inflation more keenly felt that on the African continent. Inflation rises […]
Forex : US Dollar rises, Euro tumbles in markets
Forex focus: US Dollar rises, Euro tumbles in markets The foreign exchange market is experiencing high levels of volatility, a boon for FX traders. The Euro has dropped below $1 for the first time in two decades, putting the European currency on course for one of the worst years in its history. Conversely, the […]
Dollar soars to two-decade highs
Dollar soars to two-decade highs The euro dropped to within parity with the US dollar on July 12, a new low for the European currency and a two-decade high for the greenback. This has been a boon for Forex traders. Stock markets took a hit as the prospect of further monetary policy tightening by central […]
‘Invest in yourself’ – The easy way to become an online trader
‘Invest in yourself’ – The easy way to become an online trader “Why not invest in yourself to become something better than who you are today!” says Fred Razak, Senior Trading Specialist at CMTrading. Online trading is booming and despite market conditions during the first half of 2022, there’s never been a better time to […]
Natural gas soars 700% in global energy crisis
Natural gas soars 700% in global energy crisis The global economy is facing unprecedented fuel shortages. The ongoing Russian invasion of Ukraine plunged the world into chaos threatening recessions and another wave of high inflation. The energy crisis has seen many governments scramble to compensate for high fuel prices and seek cheaper alternatives. One alternative […]
Global market recession ‘a possibility’ – US Federal Reserve
Global market recession ‘a possibility’ – US Federal Reserve Global markets were lifted in the final week of June 22, as China eased its quarantine restrictions. This forms part of a bearish outlook as some investors believes the great 2022 sell-off will start to taper. Unfortunately, with the US Federal Reserve raising interest rates […]
Global stocks rebound as China lifts quarantine
Global stocks rebound as China lifts quarantine Global markets breathed a sigh of relief as stocks climbed on June 27. China, under heavy COVID-19 lockdown, softened its strict quarantine protocols, easing investor concerns about global growth. The rally has been a bright spot in an otherwise dismal global economy so far in 2022. Market […]
Recession fears hit global markets
Recession fears hit global markets Global markets took another drop on June 22 as traders and investors are concerned about further rises in interest rates. The US Federal Reserve has hiked rates earlier in 2022 to curb decades-high inflation. Stay up to date on the latest market news If rates continue and investors continue to […]
Bitcoin holds above $20,000 after crypto crisis
Bitcoin holds above $20,000 after crypto crisis The cryptocurrency industry has been on edge for the past week as Bitcoin continued to plunge to its lowest levels in years. Bitcoin, the world’s biggest cryptocurrency, dropped to as low as $17,592.78 on June 18, falling below the key $20,000 level for the first time since […]